Photographer: Norko Hayashi/Bloomberg

It's a Job-Seeker's Market as Japan's Population Shrinks: Chart

There are now twice as many new job openings as job seekers in Japan, a level last seen in 1991. There were more positions waiting to be filled in January compared to a year ago, and the number of applicants dropped, even as the labor force expanded. As service industries ramp up investment, the pinch in labor shortage is felt most by retailers, hotels, restaurants, and hospitals, where unfavorable pay can be a deterrent to prospective workers.

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